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Spanish oil giant Repsol (REPYY.PK) announces a "transformational" oil find by its YPF...

Spanish oil giant Repsol (REPYY.PK) announces a "transformational" oil find by its YPF subsidiary in Argentina. The shale discovery will boost the company's recoverable reserves by almost 1B BOE, about 50%. Oil majors are all over Argentina as it has some of the largest shale reserves in the world.
Comments (2)
  • Herr Hansa
    , contributor
    Comments (3083) | Send Message
     
    Argentina also has issues with available water and to access shale reserves requires large amounts of water. I expect this to be extremely challenging in the future. Without water concessions many of these shale resources will simply stay in the ground.
    7 Nov 2011, 06:36 PM Reply Like
  • tc3545
    , contributor
    Comment (1) | Send Message
     
    Nice...Long YPF. Over 10% yield. Love this stock
    7 Nov 2011, 07:53 PM Reply Like
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